First National Trust Co Acquires 64,506 Shares of Blue Owl Capital Inc. $OWL

First National Trust Co lifted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 25.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,048 shares of the company’s stock after purchasing an additional 64,506 shares during the quarter. First National Trust Co’s holdings in Blue Owl Capital were worth $5,418,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Parkside Financial Bank & Trust grew its stake in Blue Owl Capital by 117.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after buying an additional 867 shares in the last quarter. Activest Wealth Management bought a new stake in shares of Blue Owl Capital during the 3rd quarter worth $50,000. MorganRosel Wealth Management LLC purchased a new position in Blue Owl Capital in the second quarter worth $51,000. Headlands Technologies LLC purchased a new position in Blue Owl Capital in the second quarter worth $51,000. Finally, Creative Financial Designs Inc. ADV increased its stake in Blue Owl Capital by 6,504.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 3,236 shares of the company’s stock valued at $62,000 after acquiring an additional 3,187 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Blue Owl Capital news, CEO Marc S. Lipschultz acquired 69,663 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average cost of $15.06 per share, for a total transaction of $1,049,124.78. Following the transaction, the chief executive officer owned 79,000 shares in the company, valued at $1,189,740. This represents a 746.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alan Kirshenbaum bought 33,670 shares of Blue Owl Capital stock in a transaction dated Monday, December 1st. The shares were acquired at an average cost of $14.87 per share, for a total transaction of $500,672.90. Following the completion of the purchase, the chief financial officer directly owned 33,670 shares of the company’s stock, valued at approximately $500,672.90. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 395,670 shares of company stock worth $5,952,393. 27.44% of the stock is currently owned by company insiders.

Blue Owl Capital Stock Up 1.0%

Shares of NYSE OWL opened at $12.64 on Tuesday. The firm’s fifty day moving average is $15.11 and its 200 day moving average is $16.50. Blue Owl Capital Inc. has a 52 week low of $10.88 and a 52 week high of $24.28. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 126.41, a PEG ratio of 1.09 and a beta of 1.11.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.70%. The business had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 20th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, February 20th. Blue Owl Capital’s payout ratio is currently 900.00%.

Analysts Set New Price Targets

OWL has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Barclays decreased their price objective on Blue Owl Capital from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday. The Goldman Sachs Group cut their target price on Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating for the company in a research note on Friday. Evercore set a $14.00 price target on shares of Blue Owl Capital in a research report on Friday. Finally, Citigroup restated an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average price target of $19.22.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.